Changes to the UK legal landscape are also changing the way British law firms are managing themselves. The Lawyer spent the summer canvassing partners in the top 100 firms for the very first time. What were they seeking from the high-rolling lawyers? Their thoughts on how their firms were being run. The results are, well, very interesting.
The questions asked by The Lawyer of some 700 partners were tailored to the main issues relating to the large law firms with three, key factors: vision, execution and governance. Broad headings, but the results are interesting for any lawyer, large or small firm, who wants to know how the business is changing. Or how it’s not, for some.
As The Lawyer writes:
“In the main, it makes positive reading for most of those involved in senior management. In particular, if one assumes that among the most important attributes for a convincing management team is having a credible strategy, then the fact that 85 per cent of respondents ticked ’yes’ to that question should be some comfort.
“Similarly high marks were scored when partners were asked to rate their management team’s ability at executing that strategy (79 per cent), whether partners generally thought that strategy was achievable (78 per cent) and – in a direct nod to the finances – whether they felt management had a good grip on the financial metrics (88 per cent).”
Check out The UK 200 Here